Legal analysis
Provident fund loans refer to loans enjoyed by employees who pay housing provident fund. According to the national regulations, all employees who have paid the provident fund can apply for provident fund loans according to the relevant provisions of provident fund loans. Handling conditions (must be met at the same time): both the housing provident fund account opening bank and the housing provident fund loan bank are employees of the same undertaking bank. Personal housing provident fund account is in a normal deposit state; The housing accumulation fund has been paid continuously for more than twelve months (including twelve months); Housing provident fund loans have been repaid for more than two months, and there is no overdue repayment balance. Submission: the original loan contract; The original and photocopy of the applicant's marriage certificate; Original and photocopy of the applicant's valid ID card; Housing provident fund and supplementary housing provident fund passbook; The repayment slip printed by the bank. Meet the requirements and complete materials, on the spot. The advantages of provident fund loans can be summarized as follows: first, you can enjoy low-interest loans when buying a house, and the interest rate of housing provident fund loans is about two percentage points lower than the benchmark interest rate of housing loans of commercial banks; Two, the use of housing provident fund loans to buy housing, the minimum down payment can reach 20%; Three, housing provident fund loan interest can be deducted from personal income tax; Fourth, housing provident fund loans are easy to repay, and they are repaid automatically every month without running back and forth; 5. There is no limit to the prepayment of housing provident fund loans, no limit to the amount and repayment times, and no penalty interest.
legal ground
Article 26 of the Regulations on the Management of Housing Provident Fund stipulates that employees who have paid housing provident fund can apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.